Naman Ramachandran AMC Theatres, the world’s largest cinema chain, has raised $917 million in new equity and debt capital, the company said on Monday.“This increased liquidity should allow the company to make it through this dark coronavirus-impacted winter,” the company said, adding that its “financial runway has been extended deep into 2021.”AMC has raised the finances from Dec.
14, 2020. Of the $917 million, AMC has raised $506 million of equity, from the issuance of 164.7 million new common shares, along with the previously announced securing of $100 million of additional first-lien debt and the concurrent issuance of 22 million new common shares to convert $100 million of second-lien debt into equity.
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